+0.27(+0.44%)

-5.90(-0.44%)

-0.20(-1.17%)

-0.01(-0.71%)

Airplane overhaul to be relocated to Brunswick

BRUNSWICK, Maine (AP) -- A retired Navy pilot is relocating part of his business from Virginia to the former Brunswick Naval Air Station.

It took less than a month to seal the deal with Tempus Jets, said Steve Levesque, executive director of the Midcoast Regional Redevelopment Authority. The company's CEO, Scott Terry, was familiar with the base because he used to fly P-3 Orions in Brunswick.

Tempus will relocate a jet overhaul operation from Newport News International Airport to Maine, where there's more space to expand, Levesque said.

"It fits perfectly," he said. "As their business grows, they see this as a prefect pace to grow their enterprise."

The announcement was made at Brunswick Landing's Hangar 6, where Tempus will share the massive space with Kestrel Aviation, an airplane charter business. Tempus plans to hire 25 workers by year's end, and to double that next year. Levesque said there's the potential for up to 200 jobs.

Tempus, which has operations in several states, is based at Greenville-Spartanburg International Airport in South Carolina.

Levesque says the company fits with redevelopment agency's plans to target aviation-related businesses to utilize the base's hangars and twin 8,000-foot-long runways. The agency recently announced plans to create a general aviation terminal.

Already, 214 private sector jobs have been created and 260 acres and 24 buildings conveyed to the private sector as of this summer.

Companies with operations at the former base include Molnlycke Health Care, Maine Tool and Machine, Kestrel Aviation and Oxford Networks.

"It's coming together. The plans are being realized and it's being realized faster than we projected, so we're very excited about that," Levsesque said.

Winter has officially come for the 2018 Olympics in PyeongChang, and it is epic. Germany’s figure skater Paul Fentz came blazing onto the ice suited up for battle as thunderous music from Game of Thrones played, thrilling the internet to no end.

One of the overarching questions about Russia’s online campaign to destabilize the US election is just how effective those social media efforts really were. Well, according to special counsel Robert Mueller’s indictment (pdf) of 13 Russian citizens and three entities, Russian trolls were persuasive enough to get at least one US citizen to stand up and wish their boss a very special happy birthday. The indictment says they used a social media account to arrange “for a real US person to stand in front of the White House…under false pretenses to hold a sign that read ‘Happy 55th Birthday Dear Boss.'” They reportedly told the American that it was for someone who “is a leader here and our boss…our

Last year, Boeing (NYSE: BA) strained its relationship with U.S. airline giant Delta Air Lines (NYSE: DAL) by attempting to have big tariffs imposed on Delta's purchase of CSeries jets from Bombardier. Many pundits saw Boeing's trade complaint as a risky move that could alienate a key customer -- especially after Delta ordered the Airbus (NASDAQOTH: EADSY) A321neo last December instead of Boeing's 737 MAX 10. Delta isn't going to make bad business decisions just to punish Boeing.

According to the documents, which were filed on Wednesday and obtained by PEOPLE Friday, Justin Stiegemeyer, Presley’s current business manager who is responsible for “day-to-day finances and paying all of her bills,” disclosed that the 50-year-old had first learned of her debt while her old business manager Provident Financial Management was handling her finances. In the court documents, Stiegemeyer went on to claim that Presley owes almost $50K in credit card debt, although he added that she has been actively paying down the sum and has managed to pay off the debt on certain cards in full.

J.M. Smucker Co. is recalling several shipments of dog food after an independent investigation found traces of pentobarbital, a euthanasia drug, in samples from a range of popular brands. The company announced on Thursday that it would withdraw shipments

U.S. figure skater Nathan Chen set an Olympic record with six quad jumps in the men’s figure skating long program on Friday. Chen bounced back after a disappointing turn during the short program that left the skater in 17th place in the 2018 Winter

Warren Buffett's Inc. has taken a real shine to Inc. Berkshire boosted its holding of the iPhone maker to $28 billion at year-end, surpassing its stake in & Co., which was worth $27.8 billion on Dec. 31. Apple has continued to rally this year, increasing the value of Berkshire's stake to $28.6 billion based on Thursday's closing price.

A federal judge in Delaware has overturned a jury's verdict requiring Gilead Sciences Inc to pay a record $2.54 billion because its hepatitis C drugs Sovaldi and Harvoni infringed a patent held by rival Merck & Co Inc. The verdict had been the largest ever in a U.S. patent case but U.S. District Judge Leonard Stark in Wilmington, Delaware, on Friday ruled Merck's patent was invalid. Gilead in a statement on Saturday said it always believed the patent was invalid and was pleased the judge confirmed that opinion. The December 2016 verdict followed a trial in which jurors found that Merck's patent on hepatitis C treatments, which it acquired in 2014 when it bought Idenix Pharmaceuticals, was valid.

Donald Trump has insisted for more than a year that Russians didn’t try to get him elected. Special Counsel Robert Mueller put an end to those claims on Friday, declaring definitively that they did. A federal grand jury indicted 13 Russian nationals and a so-called “troll farm” in St. Petersburg on Friday for a broad campaign to sway the 2016 election in Trump’s favor.

Starbucks (NASDAQ: SBUX) shares fell a bit after the company reported its first-quarter earnings. In fact, a recent report from BMO Capital Markets found that the average Starbucks location has 3.6 other Starbucks cafes within a one-mile radius. Starbucks plans to do that as it rolls out its premium brand.

Richard Pinedo, of Santa Paula, ran an online service called Auction Essistance, through which he bought and sold bank account numbers that would help users circumvent security measures of digital payment companies. Pinedo transferred, possessed and used the identities of other people in connection with unlawful activity, according to a statement of the offense. It said he has no criminal history and that he agrees to cooperate with Mueller's office.

Industrial names generally suffer from deep cyclicality which can affect companies operating in areas ranging from machinery to aerospace to construction. As such, the position a company has relative to the economic cycle drives its level of profitability

The influenza outbreak that’s killed thousands of Americans and wreaked havoc on the lives of many more seems to have passed its peak and started a slow retreat. While it’s a good sign that flu activity is starting to level off, it’s a far cry from the precipitous drop in doctor visits typically seen when a busy season starts to come to a close. The CDC’s national map of influenza activity offers some hope.

Friday, Feb. 16 marks the first day of the annual Chinese New Year celebrations, initiating the year of the dog and kicking off a 15-day holiday that will be honored by billions of people around the world. Chinese New Year is one of the most prominent festivals in the world, and it typically witnesses the largest annual mass migrations of people on earth.

Wynn, who denied the accusations, remains Wynn Resorts' largest shareholder and owns about 12 percent of the company. Casino mogul Wynn's current healthcare coverage would be terminated at the end of this year, the casino company said in a regulatory filing, adding that his personal residence's lease at Wynn Las Vegas will terminate by June this year. Last week, Wynn Resorts gave the top job to company veteran Matt Maddox.

Walmart (WMT) is looking to purchase more than 40% of Amazon’s India rival Flipkart, according to Reuters. The deal would give Walmart some much needed muscle in India, where Amazon is already investing $5B into ventures like online grocery delivery. Amazon (AMZN) is partnering up with Bank of America (BAC) for business lending.

Japanese figure skater and Winnie the Pooh enthusiast Yuzuru Hanyu not only won the men’s short program at the 2018 Winter Olympics on Thursday, but thanks to his bromance with Spain’s Javier Fernández, won the Internet’s heart as well. Hanyu and Fernández have been competing against each other for years, but off the ice, their friendship appears to have only grown stronger. “With ‘Yuzu,’ we are everything, we are friends, we are teammates, at some point we have to be rivals,” Fernández told Reuters in 2015.

With earnings season well under way, lots of companies are announcing dividend increases. If you're looking for companies with strong dividend growth, here are three tech stocks to consider.
Intel, Cisco, and Corning all announced double-digit increases

Investors seem to despise pipeline giants Kinder Morgan (NYSE: KMI), Enbridge (NYSE: ENB), and Plains All American Pipeline (NYSE: PAA) these days given that all three are down more than 20% over the past year. Enbridge's stock has lost about 20% of its value over the past year.

Feb. 16, 2018 at 4:26 PM The investigation by special counsel Robert Mueller into Russian interference in the 2016 election took a significant step forward Friday, with the indictment of 13 Russian nationals and and three Russian organizations along with the announcement of a guilty plea from a California man for identity fraud. The indictment and guilty plea are important because they are the first charges related to Russian attempts to sabotage the election. (The other indictment and pleas in the Mueller investigation have been in relation to other criminal activities.) The election interference is an activity long denounced by the U.S. intelligence community but routinely called into question

On Wednesday after the close, Applied Materials, Inc. (NASDAQ:AMAT) reported earnings. Despite a plethora of good news, AMAT stock actually sold off in early Thursday trading. Fiscal first-quarter earnings per share of $1.06 came in 8 cents per share ahead of expectations.

Dan Caplinger (Berkshire Hathaway): There aren't many stocks I have so much confidence in that I'd hold for half a century, and Berkshire Hathaway isn't the most obvious choice to be one of them. As morbid as the subject may be, the odds are just about nil that 87-year-old Warren Buffett will live to his 137th birthday, and vice chairman Charlie Munger is even older than Buffett is.